Ulta Beauty, Inc. (ULTA): A Bull Case Theory

We came across a bullish thesis on Ulta Beauty, Inc. (ULTA) on Value Investing Subreddit Page by somalley3. In this article, we will summarize the bulls’ thesis on ULTA. Ulta Beauty, Inc. (ULTA)'s share was trading at $415 as of Jan 27^th. ULTA’s trailing and forward P/E were 16.73 and 17.64 respectively according to Yahoo Finance.

[caption id="attachment_1238613" align="aligncenter" width="768"] A customer shopping for lifestyle and beauty products at a physical store.[/caption]

Ulta Beauty, a well-known beauty retailer, has established itself as a go-to destination for a wide...